Friday, July 20, 2018

Largest Corporations Wealthier Than Most Countries

Source: Nika Knight via Common Dreams 'The power of corporations is so great within our society that they have undermined the idea that there is any other way to run society' Corporations are running the world, according to new figures released...
stocks

U.S. Stocks Slip as China Stimulus Boosts Commodities

U.S. Stocks Slip as China Stimulus Boosts Commodities; Yen Jumps Source - Bloomberg U.S. stocks failed to hold onto a monthly gain after two weeks of advances, with the Standard & Poor’s 500 Index turning negative in afternoon trading. Fresh stimulus...
stocks

Wall St. Panics As Investors Worry About The Future

Wall Street slips as investors fret about global economy Source - Reuters Wall Street was lower on Thursday, led by a fall in the telecom sector, as investors worried about the uncertainty surrounding the Federal Reserve's plans to hike interest rates,...
wells fargo

Wells Fargo Admits Deception in $1.2B Settlement

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord Source - Reuters Wells Fargo & Co (WFC.N) admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a...

Dramatic cuts are no way to save Social Security

Source: Alicia H. Munnell via marketwatch.com House Ways and Means subcommittee chair proposes 31% cut in benefits In December, House Ways and Means Social Security Subcommittee Chairman Sam Johnson introduced a bill to “save” Social Security. The problem is that he...
rent

It’s Getting Harder to Pay the Rent in America

A senator's plan to build 400,000 affordable units over 10 years is just a drop in the bucket. Source - Bloomberg It's been more than 15 years since Congress increased funding for the Low Income Housing Tax Credit, the government's primary method for...

Fed to hike interest rates next week while ignoring the elephant in the room

Source: Greg Robb via marketwatch.com Yellen likely won’t comment on how a Trump presidency changes her outlook Getty Images Federal Reserve Bank Chairwoman Janet Yellen will hold a news conference next WednesdayThe Federal Reserve is going to raise interest rates next week,...

Give the Gift of a Roth IRA for the Holidays

Source: Carla Fried, consumerreports.org Give the Gift of a Roth IRA for the Holidays Rather than giving a child or grandchild a gift card this holiday season, you might want to consider a gift that keeps on giving for decades. “Helping a...

Bitcoin is now worth more than an ounce of gold for the first time...

Source: Joseph Adinolfi via marketwatch.com The digital currency continues to trade at all-time highs Bitcoin has risen more than 25% this year to trade on Thursday at an all-time high north of $1,250. One unit of so-called digital gold is now worth more than...
stocks

US Stocks At 7-week High

U.S. Stocks Rally With Emerging-Market Assets as Crude Tops $34 Source - Bloomberg U.S. stocks rallied to a seven-week high after data indicated manufacturing in the world’s largest economy may be stabilizing, while optimism that central banks from Asia to Europe...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...